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DEBT (Tables) | 6 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | Debt consisted of the following:
| September 30, 2022 |  | March 31, 2022 |
| Interest Rate |  | Outstanding Balance |  | Interest Rate |  | Outstanding Balance |
New Term Loan A | 3.97 | % |  | $ | 1,650,000 |  |  | — | % |  | $ | — |  |
Existing Term Loan A Loans | — | % |  | — |  |  | 1.71 | % |  | 1,241,398 |  |
Existing Term Loan B Loans | — | % |  | — |  |  | 2.21 | % |  | 380,321 |  |
Senior Notes due 2028 | 3.88 | % |  | 700,000 |  |  | 3.88 | % |  | 700,000 |  |
Senior Notes due 2029 | 4.00 | % |  | 500,000 |  |  | 4.00 | % |  | 500,000 |  |
Less: Unamortized debt issuance costs and discount on debt |  |  | (18,739) |  |  |  |  | (21,647) |  |
Total |  |  | 2,831,261 |  |  |  |  | 2,800,072 |  |
Less: Current portion of long-term debt |  |  | (41,250) |  |  |  |  | (68,379) |  |
Long-term debt, net of current portion |  |  | $ | 2,790,011 |  |  |  |  | $ | 2,731,693 |  |
The following table summarizes interest payments made on Existing Term Loan A and Existing Term Loan B:
| Three Months Ended September 30, |  | Six Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Existing Term Loan A | $ | 7,846 |  |  | $ | 5,577 |  |  | $ | 14,165 |  |  | $ | 10,464 |
Existing Term Loan B | 2,793 |  |  | 1,806 |  |  | 5,209 |  |  | 3,606 |
Total | $ | 10,639 |  |  | $ | 7,383 |  |  | $ | 19,374 |  |  | $ | 14,070 |
Schedule of Interest Expense | Interest on debt and debt-like instruments consisted of the following:
| Three Months Ended September 30, |  | Six Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (In thousands) |  | (In thousands)
New Term Loan A Interest Expense | $ | 5,142 |  |  | $ | — |  |  | $ | 5,142 |  |  | $ | — |
Existing Term Loan A Loans Interest Expense | 6,976 |  |  | 5,234 |  |  | 13,335 |  |  | 10,463 |
Existing Term Loan B Loans Interest Expense | 2,757 |  |  | 1,805 |  |  | 5,186 |  |  | 3,606 |
Interest on Revolving Credit Facility | — |  |  | — |  |  | — |  |  | 25 |
Senior Notes Interest Expense | 11,781 |  |  | 11,781 |  |  | 23,562 |  |  | 19,340 |
Amortization of Debt Issuance Cost (DIC) and Original Issue Discount (OID) (1) | 1,126 |  |  | 1,165 |  |  | 2,287 |  |  | 2,294 |
Interest Swap Expense | 397 |  |  | 4,087 |  |  | 3,228 |  |  | 9,530 |
Other | 163 |  |  | 182 |  |  | 257 |  |  | 266 |
Total Interest Expense | $ | 28,342 |  |  | $ | 24,254 |  |  | $ | 52,997 |  |  | $ | 45,524 |
(1) DIC and OID on the Term Loans and senior notes are recorded as a reduction of long-term debt in the condensed consolidated balance sheet and are amortized ratably over the life of the related debt using the effective rate method. DIC on the Revolving Credit Facility is recorded as a long-term asset on the condensed consolidated balance sheet and amortized ratably over the term of the Revolving Credit Facility.

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